The Medical Rehabilitation Services Market was valued for $167.81 billion in 2022 and is estimated to reach $305.68 billion by 2032, exhibiting a CAGR of 6.2% from 2023 to 2032.
The process of supporting individuals in their recovery from a disease, accident, or addiction is known as rehabilitation. It often involves therapies and treatments for the person's physical, mental, and emotional needs in order to help them restore their physical and psychological health.
The growth of the medical rehabilitation services market is driven by surge in incidence of drug abuse, increase in availability & affordability of healthcare treatment, and rise in awareness about rehabilitation. For instance, according to report of the National Center for Drug Abuse Statistics (NCDAS), among Americans aged 12 years and older, 37.309 million were current illegal drug users. From the same source, 28.3 million Americans have an alcohol use disorder, and 57.3 million people use tobacco or nicotine products. The people with addictions such alcohol use disorder (AUD) and nicotine can benefit with the medical rehabilitation programs.
Moreover, large number of medical rehabilitation centers are increasingly focusing on developing reach to the target population to fulfill unmet demand of medical rehabilitation services, which is expected to notably contribute toward the market growth. Prominent players in the global medical rehabilitation services market have adopted various strategies such as telerehabilitation, and home based rehabilitation to strengthen their position in the market and sustain the competitive environment.
Moreover, alarming increase in prevalence of arthritis, technological advancements in medical rehabilitation services, and rise in the demand for physical rehabilitation are some of the key factors driving the growth of the market. Furthermore, the rise in geriatric population and growing obesity in people notably contribute toward the growing medical rehabilitation market. However, the high cost of rehabilitation services and lack of awareness regarding medical rehabilitation hamper market growth. Conversely, increased adoption of medical rehabilitation services among the geriatric population is expected to provide lucrative opportunities for the growth of the market in the near future. In addition, extensive adoption of virtual reality (VR) in the field of medical rehabilitation services along with significant improvement in medical infrastructure are anticipated to open new avenues for the expansion of the market during the forecast period.
The global medical rehabilitation services market is segmented into services, therapy, end user, and region. On the basis of services, the market is bifurcated into classified as outpatient rehabilitation services and inpatient rehabilitation services. The therapy segment classified into physical therapy, occupational therapy, speech and language therapy, and others.
Depending on end user, it is classified into hospitals, rehab centers, and others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major companies profiled in the report include Athletico Physical Therapy, Lifespan PT, MindMaze Healthcare, nMotion Physical Therapy, Paradigm Healthcare, Prism Medical, Shirley Ryan AbilityLab, SuVitas, The University of Chicago Medical Center and Therapy Solutions for Kids.
The process of supporting individuals in their recovery from a disease, accident, or addiction is known as rehabilitation. It often involves therapies and treatments for the person's physical, mental, and emotional needs in order to help them restore their physical and psychological health.
The growth of the medical rehabilitation services market is driven by surge in incidence of drug abuse, increase in availability & affordability of healthcare treatment, and rise in awareness about rehabilitation. For instance, according to report of the National Center for Drug Abuse Statistics (NCDAS), among Americans aged 12 years and older, 37.309 million were current illegal drug users. From the same source, 28.3 million Americans have an alcohol use disorder, and 57.3 million people use tobacco or nicotine products. The people with addictions such alcohol use disorder (AUD) and nicotine can benefit with the medical rehabilitation programs.
Moreover, large number of medical rehabilitation centers are increasingly focusing on developing reach to the target population to fulfill unmet demand of medical rehabilitation services, which is expected to notably contribute toward the market growth. Prominent players in the global medical rehabilitation services market have adopted various strategies such as telerehabilitation, and home based rehabilitation to strengthen their position in the market and sustain the competitive environment.
Moreover, alarming increase in prevalence of arthritis, technological advancements in medical rehabilitation services, and rise in the demand for physical rehabilitation are some of the key factors driving the growth of the market. Furthermore, the rise in geriatric population and growing obesity in people notably contribute toward the growing medical rehabilitation market. However, the high cost of rehabilitation services and lack of awareness regarding medical rehabilitation hamper market growth. Conversely, increased adoption of medical rehabilitation services among the geriatric population is expected to provide lucrative opportunities for the growth of the market in the near future. In addition, extensive adoption of virtual reality (VR) in the field of medical rehabilitation services along with significant improvement in medical infrastructure are anticipated to open new avenues for the expansion of the market during the forecast period.
The global medical rehabilitation services market is segmented into services, therapy, end user, and region. On the basis of services, the market is bifurcated into classified as outpatient rehabilitation services and inpatient rehabilitation services. The therapy segment classified into physical therapy, occupational therapy, speech and language therapy, and others.
Depending on end user, it is classified into hospitals, rehab centers, and others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major companies profiled in the report include Athletico Physical Therapy, Lifespan PT, MindMaze Healthcare, nMotion Physical Therapy, Paradigm Healthcare, Prism Medical, Shirley Ryan AbilityLab, SuVitas, The University of Chicago Medical Center and Therapy Solutions for Kids.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the medical rehabilitation services market analysis from 2022 to 2032 to identify the prevailing medical rehabilitation services market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the medical rehabilitation services market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global medical rehabilitation services market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Services
- Outpatient Rehabilitation Services
- Inpatient Rehabilitation Services
By Therapy
- Physical Therapy
- Occupational Therapy
- Speech Therapy
- Others
By End User
- Hospitals
- Homecare
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- MindMaze
- The University of Chicago Medical Center
- Prism Medical
- Shirley Ryan Abilitylab
- Suvitas
- Athletico Physical Therapy
- nMotion Physical Therapy
- Lifespan PT
- Paradigm Healthcare
- Therapy Solutions for Kids
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MEDICAL REHABILITATION SERVICES MARKET, BY SERVICES
CHAPTER 5: MEDICAL REHABILITATION SERVICES MARKET, BY THERAPY
CHAPTER 6: MEDICAL REHABILITATION SERVICES MARKET, BY END USER
CHAPTER 7: MEDICAL REHABILITATION SERVICES MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the medical rehabilitation services market was valued at $167.8 billion in 2022, and is estimated to reach $305.7 billion by 2032, growing at a CAGR of 6.2% from 2023 to 2032.Rehabilitation is the process of helping individuals with physical, mental, or emotional disabilities to regain or improve their physical, cognitive, social, and vocational skills so they can lead an independent and productive life. The physical rehabilitation therapy, occupational rehabilitation therapy, and speech rehabilitation therapy are the common types for medical rehabilitation services.
The key market trends driving the growth of the medical rehabilitation services market include rise in demand for medical rehabilitation services for fast recovery from physical injury, advancements in the field of rehabilitation services, and investments in R&D activities by key market players. In addition, rise in prevalence of chronic diseases such as cancer and diabetes contributes to the growth of the market. For instance, according to American Cancer Society (ACS) states that, a total of 1.9 million new cancer cases and 609,360 deaths from cancer are expected to occur in the U. S. in 2022, and cancer death rate for men and women combined has decreased to 32% from its peak in 1991 to 2019. The rehabilitation services help individuals both physically and mentally to recover from chronic diseases and trauma conditions. Thus, high prevalence of chronic disease along with large adoption of rehabilitation services is expected to drive the medical rehabilitation services market during the forecast period.
A woman normally suffers from nausea and vomiting during pregnancy. This condition is often referred as morning sickness but it can occur any time during the day. It does not usually harm the fetus, but it makes women feel uneasy and makes it difficult to carry out daily activities. Medical rehabilitation services are mainly prescribed to the lady in such conditions which further propels the growth of the medical rehabilitation services market.
In addition, a rise in awareness about the effectiveness of medical rehabilitation services, the latest patent expiry of branded However, less awareness about antiemetic drugs among the population hinders growth of the market. In some cases, the strength, dose and drug class of the prescribed medical rehabilitation services may lead to the severe condition in the patients, which demands for the proper knowledge regarding the medicine and its pharmacology, which can act as a restraint to the medical rehabilitation services market. On the contrary, rise in research and development activities by key market players and increase in healthcare expenditure has further encouraged many key players to enter emerging markets, thus offering lucrative opportunities for the expansion of the medical rehabilitation services market.
The market also offers growth opportunities to the key players in the market. The target population is in tremendous need of cost-effective services in regions like Europe and Asia-Pacific. Hence, challenges to cater the unmet needs of the target population provide growth opportunities. Online medical services have gained high traction in the last 4 years. As a result, engaged stakeholders in the industry have partnered with existing delivery services organizations.
The global medical rehabilitation services market is segmented into services, therapy, end user, and region. On the basis of services, the market is bifurcated into classified as outpatient rehabilitation services and inpatient rehabilitation services. The therapy segment classified into physical therapy, occupational therapy, speech therapy, and others. Depending on end user, it is classified into hospitals, homecare, and others. Region-wise, the market is studied across North America (the U. S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players profiled in the Athletico Physical Therapy, Lifespan PT, MindMaze Healthcare, nMotion Physical Therapy, Paradigm Healthcare, Prism Medical, Shirley Ryan AbilityLab, SuVitas, The University of Chicago Medical Center and Therapy Solutions for Kids. The players in the market have been actively engaged in the adoption of various strategies such as acquisition, product launch, and partnership to remain competitive and gain an advantage over the competitors in the market
Key Market Insights (Updated)
By services, the inpatient rehabilitation services segment was the highest contributor to the market in 2022.
By therapy, the physical therapy segment dominated the market in 2022, and the speech therapy segment is expected to grow at the fastest CAGR during the forecast period.
By end user, the hospital segment held the highest position in terms of revenue in 2022, whereas homecare are expected to grow at the highest CAGR during the forecast period.
Region wise, North America garnered the largest revenue share in 2022, however, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- MindMaze
- The University of Chicago Medical Center
- Prism Medical
- Shirley Ryan Abilitylab
- Suvitas
- Athletico Physical Therapy
- nMotion Physical Therapy
- Lifespan PT
- Paradigm Healthcare
- Therapy Solutions for Kids
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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